BitMine Increases ETH Holdings Again by 6678 Coins, Worth $19.63 Million

Compared to a strategy relying on debt and preferred stock financing, Bitmine's current financial structure has more cushioning capability thanks to equity issuance, cash reserves, and ETH staking rewards.

The ebb of the top three buyers, BitMine bears the brunt of ETH selling pressure alone. With a floating loss of 3 billion, it is the ultimate gamble about "buying the dip" and "catching the falling knife."

Since the end of June, BMNR's stock price has risen by over 1300%; meanwhile, ETH is approaching a new all-time high.

2025's Peter Thiel is no longer satisfied with being a passive hodler.